Price for Wire of Other Alloy Steel in Japan - 2023
Contents:
- Price for Wire of Other Alloy Steel in Japan (FOB) - 2023
- Price for Wire of Other Alloy Steel in Japan (CIF) - 2023
- Exports of Wire of Other Alloy Steel in Japan
- Imports of Wire of Other Alloy Steel in Japan
Price for Wire of Other Alloy Steel in Japan (FOB) - 2023
The average export price for wire of other alloy steels stood at $3,111 per ton in July 2023, approximately mirroring the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 9.8% month-to-month. Over the period under review, the average export prices hit record highs at $3,150 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($6,419 per ton), while the average price for exports to the Czech Republic ($1,578 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Japan (CIF) - 2023
In July 2023, the average import price for wire of other alloy steels amounted to $1,605 per ton, rising by 3.5% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum at $1,692 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($1,857 per ton) and Thailand ($1,624 per ton), while the price for China ($1,356 per ton) and Vietnam ($1,410 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Japan
In 2022, wire of other alloy steel exports from Japan fell to 96K tons, which is down by -10.3% compared with the previous year's figure. Over the period under review, exports continue to indicate a slight slump. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports reached the peak of 107K tons, and then contracted in the following year.
In value terms, wire of other alloy steel exports dropped to $266M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports reached the peak of $285M, and then fell in the following year.
| Export of Wire of Other Alloy Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.8 | 46.0 | 61.0 | 52.8 | 2.0% |
| Thailand | 41.2 | 33.5 | 48.1 | 43.4 | 1.7% |
| United States | 40.0 | 28.8 | 33.9 | 29.3 | -9.9% |
| South Korea | 45.2 | 22.9 | 30.1 | 23.3 | -19.8% |
| Indonesia | 22.6 | 13.4 | 19.8 | 17.3 | -8.5% |
| Germany | 5.5 | 4.5 | 11.1 | 15.2 | 40.3% |
| Taiwan (Chinese) | 10.5 | 10.4 | 16.2 | 14.5 | 11.4% |
| India | 9.4 | 8.3 | 14.2 | 14.3 | 15.0% |
| Czech Republic | 5.7 | 5.1 | 6.5 | 11.1 | 24.9% |
| Mexico | 9.8 | 6.6 | 10.5 | 8.8 | -3.5% |
| Brazil | 4.0 | 3.2 | 5.8 | 5.9 | 13.8% |
| Vietnam | 4.7 | 2.9 | 3.9 | 4.6 | -0.7% |
| Romania | N/A | 11.9 | N/A | N/A | 0% |
| Others | 18.7 | 17.1 | 24.0 | 25.8 | 11.3% |
| Total | 267 | 215 | 285 | 266 | -0.1% |
Top Export Markets for Wire of Other Alloy Steel from Japan in 2022:
- Thailand (22.6K tons)
- China (19.2K tons)
- United States (9.6K tons)
- Indonesia (7.0K tons)
- Czech Republic (6.3K tons)
- India (5.6K tons)
- South Korea (4.8K tons)
- Taiwan (Chinese) (4.3K tons)
- Mexico (2.9K tons)
- Brazil (2.6K tons)
- Germany (2.2K tons)
- Vietnam (2.0K tons)
Imports of Wire of Other Alloy Steel in Japan
In 2022, approx. 71K tons of wire of other alloy steels were imported into Japan; which is down by -7% on 2021. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year.
In value terms, wire of other alloy steel imports contracted to $109M in 2022. Overall, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $117M, and then dropped in the following year.
| Import of Wire of Other Alloy Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 72.1 | 51.6 | 67.6 | 57.2 | -7.4% |
| Taiwan (Chinese) | 13.0 | 11.4 | 18.0 | 16.5 | 8.3% |
| China | 7.8 | 7.6 | 10.8 | 9.4 | 6.4% |
| Vietnam | 7.6 | 5.6 | 6.6 | 8.5 | 3.8% |
| Thailand | 6.1 | 4.6 | 5.5 | 5.6 | -2.8% |
| Brazil | N/A | 0.6 | 3.1 | 4.0 | 158.2% |
| Germany | 6.7 | 2.9 | 0.9 | 1.0 | -47.0% |
| Others | 3.4 | 2.4 | 4.4 | 7.0 | 27.2% |
| Total | 117 | 86.7 | 117 | 109 | -2.3% |
Top Suppliers of Wire of Other Alloy Steel to Japan in 2022:
- South Korea (39.9K tons)
- Taiwan (Chinese) (9.0K tons)
- China (6.2K tons)
- Vietnam (6.1K tons)
- Thailand (3.6K tons)
- Brazil (2.6K tons)
- Germany (0.5K tons)
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